Breaking News Instant updates and real-time market news.

2017-11-10 11:20:07

ADI

Analog Devices

$89.70

-2.3 (-2.50%)

11:20

11/10/17

11/10

11:20

11/10/17

11:20

Analog Devices attracts a vote of confidence as shares slip

Analog Devices attracts a vote of confidence as shares slip. The stock down 41c to $89.29 and 8K Dec 82.5 puts sold at 81c. 10K trade on the day and the put writing will create one of the largest open interest blocks in the name, similar to the 10.1K OI in the Nov 82.5 puts that expire next week. The new positions in the December term capture earnings 11/21.

21

Nov

ADIAnalog Devices

$89.70

-2.3 (-2.50%)

08/31/17

NOMU

08/31/17UPGRADETarget $80NOMUNeutral

Analog Devices upgraded to Neutral from Reduce at Nomura Instinet

Nomura Instinet analyst Romit Shah upgraded Analog Devices to Neutral and raised its price target to $80 from $72.50 following Q3 resutls and guidance. The analyst said Q3 results were "solid" and guidance was based in part on improved profitability. Shah also said the "speedy" appointment of Prashanth Mahendra-Rajah as CFO is a positive as he has a solid track record of driving shareholder value and is well regarded.

09/12/17

JPMS

09/12/17NO CHANGEJPMS

JPMorgan lays out iPhone content winners and losers into launch event

JPMorgan analyst Harlan Sur believes Apple's (AAPL) launch event today will be positive for Broadcom (AVGO) and Qorvo (QRVO) as well as Micron (MU) and Intel (INTC). The analyst sees content gains by Broadcom in wireless charging, touch controller, Wi-Fi/Bluetooth and GPS connectivity, and by Qorvo in low band power amplifier duplexers share and antenna tuning. Other companies with significant Apple exposure that would benefit from increased unit sales and/or modest content gains include Intel, Skyworks (SWKS), Knowles (KN), Micron, Cypress Semiconductor (CY), NXP Semiconductors (NXPI) and Texas Instruments (TXN), Sur tells investors in a research note. The analyst sees Analog Devices' (ADI) blended content at Apple declining as he believes the company will not be the touch controller for the OLED-version of the iPhone.

09/18/17

MSCO

09/18/17NO CHANGEMSCO

In Semis, Morgan Stanley recommends taking profits in Maxim, Cypress

Morgan Stanley analyst Craig Hettenbach noted he is getting more questions on the broader cyclical effects that lead time extensions are having on semiconductor demand. His recent checks and survey work point to steady order trends, but there are some "yellow flags" to watch when assessing cyclical risk, said the analyst, who would add to positions in Analog Devices (ADI), TE Connectivity (TEL) and Microchip (MCHP) and recommends taking profits in Maxim Integrated (MXIM) and Cypress Semiconductor (CY). He keeps Overweight ratings on the first three stocks and Underweight ratings on Maxim and Cypress.

10/19/17

JEFF

10/19/17NO CHANGEJEFF

Jefferies sees 'Analog Renaissance,' ups semiconductor price targets

Jefferies analyst Mark Lipacis says that while many investors are concerned about inventories and are taking profits, he expects more consolidation and even higher profitability for analog companies. Analog stocks should also benefit from secular themes and cyclical demand drivers, Lipacis tells investors in a research note titled "Analog Renaissance - Are the Old Semiconductor Investing Tools Broken?" His top "Analog Renaissance" plays are Texas Instruments (TXN), Analog Devices (ADI), Microchip (MCHP) and Maxim Integrated (MXIM). Lipacis raised his price target for Analog Devices to $105 from $100, for Maxim to $58 from $51, for Texas Instruments to $100 from $96, for ON Semiconductor (ON) to $20 from $16 and for Microchip to $106 from $94